Coursera Data Science - Course 9 Week 4

Aldo Vogel
March 5th 2018

Introduction

Bitcoin has been on a wild ride lately. The previous year has seen many people buying Bitcoin hoping to get rich quick. It has also seen many people beating themselves up for not buying any when the price was relatively low. The application I made shows the potential profits that could have been made if you would have bought bitcoin at a point in time when you (first) heard about it and would have sold on the highest point (dec 16th 2017). I call it the bitcoin regret calculator.

Dataset

Dataset is retrieved from Quandl.com and contains data from the last 365 days on Bitstamp.com.

        Date     Open     High      Low    Close
1 2018-03-05 11479.68 11688.00 11383.66 11566.99
2 2018-03-04 11445.00 11511.00 11054.91 11463.27
3 2018-03-03 11032.81 11503.24 11022.85 11445.00

Plot

Below is a sample of the data and a plot of all the data from the previous 365 days.

plot of chunk unnamed-chunk-2

Conclusion

The option to buy bitcoins is still there and seeing as some optimists say the price will one day reach more than a million per coin the opportunity still exists to make a lot of money. But as with anything when gamblin don't bet more than you are willing to lose.

Link to application

Link to code on github